Analysis of Revenues
Revenues as Reported
Costco Wholesale Corp., income statement, revenues
US$ in millions
Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01).
- Revenue Trends Overview
- The annual revenue figures across all categories demonstrate a consistent upward trajectory over the six-year period under review, indicating steady growth in sales volumes and value.
- Food and Sundries
- This segment exhibits a robust increase in sales, rising from approximately $59.7 billion in 2019 to around $101.5 billion in 2024. The growth appears steady year-on-year, with an especially notable increase between 2022 and 2023, suggesting strengthening demand or successful expansion within this category.
- Non-foods
- Sales of non-food items also increased substantially, growing from $41.2 billion in 2019 to nearly $64.0 billion in 2024. Although the increase is consistent, the growth rate appears somewhat more moderate compared to the food and sundries segment, particularly between 2022 and 2023 where a slight dip was observed before recovering by 2024.
- Fresh Foods
- This category has shown continuous positive growth, expanding from $19.9 billion in 2019 to $34.2 billion in 2024. Growth is steady each year, indicating sustained demand or effective product sourcing strategies in fresh food offerings.
- Warehouse Ancillary and Other Businesses
- There is a pronounced growth pattern in this segment, with revenues climbing from $28.6 billion in 2019 to $50.0 billion in 2024. The most significant increase occurred between 2021 and 2022, where revenues jumped markedly, implying possible diversification or expansion of ancillary services during that period.
- Net Sales
- Total net sales demonstrate a strong positive growth trend, advancing from $149.4 billion in 2019 to approximately $249.6 billion in 2024. The year-over-year increases are consistent, reflecting the aggregate growth across all segments and reinforcing the overall sales expansion and market penetration.